Vitalik sold MOODENG for 8 consecutive days, causing its price to drop 72% from the peak

ChainCatcher news, on-chain analyst AI Yi posted on social media that MOODENG, the biggest beneficiary of Vitalik's recent airdrop, is facing a "backlash."

On October 7, Vitalik tweeted to thank for the donated Memecoin, specifically mentioning MOODENG on the Ethereum network. After the tweet was published, its price surged by 101%. However, with Vitalik continuously selling off over the past 8 days, the price of MOODENG has dropped by 72% from its peak ($0.0002714 to $0.00007614).